Wages at Charleston Digital Corridor Companies Double South Carolina?s Average

CHARLESTON, S.C. - Nov. 8, 2005 - The Charleston Digital Corridor is pleased to announce that the average wage for reporting corridor companies in 2005 is $65,707.

This figure represents twice the average annual wage for the Charleston-North Charleston statistical metropolitan area and the State of South Carolina. The latest data available from the US Bureau of Labor Statistics reports the average wage in the Charleston-North Charleston statistical metropolitan area (Berkeley, Charleston and Dorchester counties) is $32,510, while South Carolina's average wage for all occupations is $31,760.

"The results of the 2005 Wage Survey demonstrate that the average salaries of Digital Corridor companies remain very strong," said Charleston Digital Corridor Foundation Chairman, Kirk King, also a Corridor CEO.

Charleston Mayor Joseph P. Riley, Jr. reaffirmed his commitment to Charleston's growing knowledge-based community and pledged to strengthen the Digital Corridor's programming in 2006. "The Digital Corridor initiatives introduced in 2004 and early 2005 are yielding results for our community," he added.

About the Charleston Digital Corridor

The Charleston Digital Corridor is a creative effort to attract, nurture and grow knowledge-based enterprise in Charleston, South Carolina. The Digital Corridor's mission is accomplished through a combination of business initiatives and financial incentives, private business support and member-driven programs. With the goal of offering tangible resources to the business community, the Digital Corridor serves as a portal to government, infrastructure, real estate, education, capital, professional resources and a trained workforce.

Contact: Ernest Andrade 843.724.3773 ernest@charlestondigitalcorridor.com

SOURCE: Charleston Digital Corridor www.charlestondigitalcorridor.com